Northland Investment Corporation, a privately held real estate investment company, has acquired the 300-unit Cypress Shores in Coconut Creek, FL and the 202-unit Village Place in West Palm Beach, FL. The properties offer high-end housing in two desirable Florida neighborhoods.
With the purchase of Cypress Shores and Village Place, Northland now owns and operates 20 properties and more than 5,600 apartment homes in Florida. The acquisition will include the addition of 12 new Florida-based employees, bringing Northland’s total employees in Florida to 130. Northland manages more than 21,000 residential apartment homes in multifamily properties across the U.S.
“Florida’s economy and population continue to grow, and Northland intends to continue building our presence in this vibrant state,” said Steven P. Rosenthal, President and CEO of Northland.
Cypress Shores, located in Coconut Creek, includes 300 class A units in 13 buildings. Village Place, located in West Palm Beach, includes 202 class A units in 10 buildings.
